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SIA revived
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PhillipTan
Supreme |
17-Jun-2022 12:20
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Drop below 5, time to scoop |
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hongsanrobert
Member |
17-Jun-2022 11:15
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Temasek run out of " bullets" , their spare are in stock like SIA, and fresh fund from news CPF contribution. When they need fund, they will sell them. If SIA invite DBS, MAS chairman on board, it should hold steady. If you eye is OK, you can tell what is happening? | ||||
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RL16EGG
Veteran |
17-Jun-2022 10:38
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Mkt indeed need tailwinds like USA CPI stablising and removing of some China tarriffs. Meanwhile, hope SIA can stay above 5$.
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lukewong82
Master |
17-Jun-2022 04:26
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And biden announcement of removing China Tariffs anytime soon will also pull the bull back especially since it will cool inflation by some % no matter how small it may be.
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lukewong82
Master |
17-Jun-2022 04:22
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We just need the inflation not to hit high again u will see bull coming back.. As early as June CPI announcement in July.
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RL16EGG
Veteran |
16-Jun-2022 16:19
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I agree. Countries cannot close borders forever unless disaster strike like new deadly virus. Now hong kong and japan are playing the catch-up. I am waiting for her to dip further $5, $4.8 to add more given the fierce hurricane. Temasek may have different thinking haha
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hongsanrobert
Member |
16-Jun-2022 12:18
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If your expectation is 2.6% (On par with HDB loan), it is ok to buy. | ||||
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honesty
Master |
16-Jun-2022 11:18
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honestly should not go wrong investing in SIA, many still hoping to fly in particular when Japan and Taiwan fully open, the rush would b as good as a pandemic virus. Thaiiand flights are full daily,
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RL16EGG
Veteran |
16-Jun-2022 11:02
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Great news. But given the hurricane now, downside risk is very high. It is not just SIA, it is across the board. Better stay on the sidelines. |
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Joelton
Supreme |
16-Jun-2022 10:47
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SIA' s passenger load factor continued recovery in May
Singapore Airlines continued to post month-on-month growth in passenger capacity. Singapore Airlines and Scoot carried a total of 1.7 million passengers in May 2022, up 17.4% from the previous month. For the SIA group, passenger capacity (measured in available seat kilometres) reached 61% of pre-Covid levels in May 2022, 4 percentage points higher than the month before. The Group passenger load factor (PLF) for the month stood at 78.2%, the highest since the onset of the pandemic. Cargo operations registered a cargo load factor of 65.4%, or 22.3 percentage points lower year-on-year.
Cargo capacity (capacity tonne-kilometre) grew 30.2% on the back of passenger flight resumptions across the network. Cargo loads (freight tonne-kilometres) declined 3% as cargo demand was affected by the pandemic controls in China. In addition, more bellyhold space was allocated for baggage carriage as passenger load factors improved. During the month, SIA resumed operations to Medan, while Scoot recommenced services to Nanjing. At the end of May 2022, the Group&rsquo s passenger network covered 97 destinations including Singapore. SIA served 72 destinations while Scoot served 46 destinations2 as of end-May 2022.
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RL16EGG
Veteran |
15-Jun-2022 11:06
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Even if mkt price in 75bps downside risks remain very high. Too many strong headwinds, namely surging inflation, china lockdown and recession fear. STI is reflecting this. So far SIA hanging on above 5.1. Tough. |
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Joelton
Supreme |
15-Jun-2022 09:34
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CGS-CIMB lowers SIA target price on rising fuel costs risk
WHILE Singapore Airlines : C6L -0.58% (SIA) is in a &ldquo very strong revenue position&rdquo boosted by high airfares, elevated market share and strong demand, this is tempered by risks of high oil prices, said CGS-CIMB.
In a report on Tuesday (Jun 14), CGS-CIMB analyst Raymond Yap lowered his target price for the Singapore flag carrier to S$5.75 from S$5.92, though he still maintains a &ldquo hold&rdquo position on the index counter.
The new target price is based on a lower FY2023 price-to-book value (P/BV) of 0.95 times and a cut in earnings per share (EPS) estimates for FY2023 and FY2024 by 7 to 15 per cent.
Noting that SIA&rsquo s revenue momentum is &ldquo solid&rdquo , Yap expects that high airfares will carry through from June to August 2022 with demand recovering &ldquo strongly&rdquo .
However, Yap is cautious of potential headwinds including high jet fuel costs and cost-of-living inflation, with global recession being a &ldquo rising possibility&rdquo . He noted this may lead to a fall in consumer spending and discretionary travel demand.
&ldquo As SIA&rsquo s competitors ramp up their capacity deployment in the future, SIA&rsquo s heightened market share could fall back down to 2019 averages. This may cause the current high airfares to moderate, even if jet fuel price levels remain elevated,&rdquo the analyst said.
Yap added that high oil prices posed downside risks to EPS estimates. In his report, he raised his spot jet fuel price assumption for FY2023 from US$120 per barrel (bbl) to US$135/bbl and from US$95/bbl to US$110/bbl for FY2024, which is still below the prevailing price of jet fuel at US$163/bbl.
However, the analyst raised his EPS estimates for FY2025 by 27 per cent as he lifted his &ldquo excessively bearish yield forecasts&rdquo in light of higher oil prices.
Additionally, Yap expects SIA to redeem half of its mandatory convertible bonds (MCB) within the next 2 to 3 years as he believes it is holding &ldquo too much cash&rdquo with a net debt position of only 8.5 per cent as at Mar 31, 2022 compared to 32 per cent as at Dec 31, 2020.
&ldquo Redeeming part of the MCBs will reduce SIA&rsquo s shareholders&rsquo equity and make SIA&rsquo s P/BV valuations look more expensive, which is another downside risk factor for investors to consider,&rdquo added the analyst.
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Panda8
Veteran |
14-Jun-2022 12:18
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When this guy say good, confirm the price will come down. Newbie is newbie. long way to learn.
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RL16EGG
Veteran |
14-Jun-2022 10:35
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A sea of red. Should be 75bps rate hike. My view is 5$ level coming. If it is broken, $4.8 level. Wait for the hurricane to abate. |
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Adrianinsing
Elite |
10-Jun-2022 21:58
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Breaking News - good for SIA The Biden administration is dropping Covid-19 testing requirements for inbound air travelers from abroad, the White House said Friday. |
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RL16EGG
Veteran |
09-Jun-2022 12:30
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Global mkts remain bearish thanks to headwinds, namely inflation and recession concerns. Technical indicators reflecting same. My view SIA to head towards 5.1 to 5.2 level. |
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Joelton
Supreme |
09-Jun-2022 09:00
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SIA to sell green fuel credits from July
PASSENGERS including corporate flyers as well as freight forwarders on Singapore Airlines : C6L -0.18% (SIA) flights will be able to reduce their carbon footprint by buying greener jet fuel credits from July.
The national carrier together with Temasek and the Civil Aviation Authority of Singapore (CAAS) will start selling sustainable aviation fuel (SAF) credits to travellers and freight forwarders as part of a CAAS-SIA-Temasek pilot to promote the use of the greener fuel in the Republic.
Freight forwarders can in turn offer the SAF credits for sale to their downstream clients to reduce carbon emissions from their business operations.
The SAF credit scheme was announced at the 3-day sustainability conference Ecosperity Week by the Minister for Transport S Iswaran on Wednesday (Jun 8).
He said: &ldquo These SAF credits provide an opportunity for businesses and travellers to reduce the carbon footprint from air travel and air freight.&rdquo
A thousand credits will be available for purchase, with every credit helping to reduce 2.5 tonnes of carbon dioxide emissions. These SAF credits are generated from the 1,000 tonnes of SAF which are blended for all SIA and its budget carrier Scoot flights out of the airport in a 1-year pilot programme from the third quarter.
In a statement jointly released, the 3 parties in the pilot - state investment company Temasek, its majority-owned airline group SIA and CAAS - said that the credit purchasers can also help to stimulate demand for SAF, support the development of the nascent SAF industry, and advance the adoption of SAF for aviation sustainability.
SAFs currently cost several times that of conventional jet fuels, and credit schemes are one way for airlines to bring down the cost of using more eco-friendly fuels.
The SAF credits will be registered as part of a pilot project within the Roundtable on Sustainable Biomaterials Book and Claim System to ensure that the SAF credit transactions are conducted in a trusted and transparent manner, with no double counting of credits.
Also, SIA customers will be able to purchase a mix of SAF credits and carbon offsets from the fourth quarter, as part of the airline group&rsquo s voluntary carbon offset programme.
And the carrier will offer a bundled portfolio of SAF credits and carbon credits on Climate Impact X, a global exchange, for carbon credits in its bid to meet corporate demand for SAF while balancing affordability.
Iswaran also furnished an update on electric vehicle registrations in Singapore, saying that such green vehicles made up 8.4 per cent of all new cars registered in the first 5 months of this year, more than twice the rate that of 2021&rsquo s and a 20-fold jump over 2020&rsquo s.
The city-state aims to have all vehicles run on cleaner energy by 2040.
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uiop1223
Supreme |
04-Jun-2022 10:07
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Its creative accounting by SIA
MCBs int accruing but not recognise When mcbs due, either redeem then at lotsonfvash or dilution. |
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hongsanrobert
Member |
04-Jun-2022 10:00
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I am a retiree, reliance on dividend pay out. Just speak the truth, unless you willing 为 国 牺 牲 . | ||||
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hongsanrobert
Member |
04-Jun-2022 09:52
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4/6/22: Can Singapore Airlines&rsquo Share Price Return to S$8? However, this is still significantly below the S$8.05 that SIA&rsquo s shares clocked back on 1 June 2018. To answer this question, let go back to fundamental. SIA source of fund believed to be from CPF, so minimum return rate is 2.6% (same rate for HDB mortgage rate) or quoted Margin Stock Loan Interest Rate at 2.8%. During Pandemic time, SIA issued many bond, mainly is to gather fund for Airline continuing operation. If SIA able to use the fund for Businesses Expansion, ROE become good, EPS raise, then there is likely it shares price will return. If business not expanding, only after pay back all the Loan, Business return to profit level, distribute dividend, then Investor shall return. The formula for calculation is complicated, at the moment, still better not to use CPF money to buy. |
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